1) Is it allowed to re-invest the capital gain from one property sale towards fresh purchase of land and building at the same time to avoid CGT?
2) Can capital gain be used to do interior work in the re-invested house and claim exemption?
thanks.
Menu
Capital Gains
Replies (6)
1. yes
2. no
| Originally posted by : LOVE ARORA | ||
 |
1. yes 2. no |
 |
agree
1)Yes ,Exemption can be claimed U/S 54 if a Residential house is purchased within 1 yr before or 2 years after the date of transfer and a residentail house is constructed within 3 years from the date of transfer
2)NO exemption can be claimed
yes i agree with parshu
1.yes
2. no
Agree with parshu
Recent Topics :
- Revocation of suo moto cancelled GST registration
- Is there any faculty taking chapterwise test in CA
- Late Fees and Interest
- HDFC Bank’s Bureaucracy: The Nightmare of Fl
- Running a CSC Center, Maha E-Seva Kendra, Setu Ken
- GSTR-9 Table 8A issue
- CA Inter Coaching institutes at Hyderabad
- Looking for practising CA
- TDS return filing
- Need formats of FS as per Co act 2013 in soft copy
Related Topics :
CAclubindia
